Summary
- Inflation is expected to rise, but the direction of monetary policy remains unclear.
- Chair Jerome Powell stated that there is no need to rush and emphasized the independence of the Fed.
- He conveyed that the Fed will focus solely on its mission to maintain economic stability.
According to Reuters on the 4th (local time), Jerome Powell, the Chair of the United States Federal Reserve (Fed), stated in a speech that "Inflation will rise, and economic growth will slow," adding, "However, the direction of monetary policy is still unclear. There is no need to rush right now."
He continued, "We have time," emphasizing that "the independence of the Fed is very important. Therefore, trade policy, energy policy, climate change, and immigration issues are not the Fed's responsibility."
He also stressed, "We must focus on our mission," and "Our role is to maintain economic stability under any circumstances."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
